Second Oil Train Boosts Brent-Linked Liquid Output

 Energean plc

("Energean" or the "Company")

Second oil train increases Brent-linked liquids output

London, 22 July 2026 - Energean plc (LSE: ENOG, TASE: אנאג) is pleased to announce that commissioning of the second oil train on its Energean Power FPSO was safely completed on 13 July 2026, expanding the FPSO's total liquids processing capacity from 18 kbbl/d to 31 kbbl/d and further increasing the proportion of the Company's revenues linked to Brent pricing.

· FPSO total liquids processing capacity increased from 18 kbbl/d to 31 kbbl/d;

· Liquids production successfully tested at rates of up to 21 kbbl/d;

· Following completion of certain Katlan-related subsea tie-in activities, the FPSO is expected to undergo testing at higher liquids production rates in August 2026;

· Liquids production from Israel averaged 10 kbbl/d in H1 2026[1] and, in line with Energean's 2026 guidance, is expected to average 17-21 kbbl/d in H2 2026[2];

· This milestone further strengthens Energean's position as Israel's largest liquids producer and increases the proportion of the Company's revenues linked to Brent pricing.

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